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mircea_popescu: the solution to hft is both simple and already implemented.
mircea_popescu: well... if european style end of month options go for like .4 btc per 96 call
mircea_popescu: proof of work could be then accomplished by showing a path of solving the map in at most N steps, where n is the difficulty.
mircea_popescu: suppose we find a liniarisation of sokoban maps, such that any arbitrary number comes to a map
mircea_popescu: i don't happen to believe in making things to own. i prefer owning things other ppl make
mircea_popescu: Diablo-D3 nah, it will be higher cause of economies of scale.
mircea_popescu: asciilifeform however the problem of making an ai-ciomplete pow function is ALSO kinda difficult./
mircea_popescu: so your asic may slow down as m goes up but that's all
mircea_popescu: BUT! you can just make asics with 1 tb worth of ram per chip and redundant math processes which just share it.
mircea_popescu: bitcoin was a LOT stronger back when ppl cpu minded it
mircea_popescu: actually raising the cost is building an advantage for the attacker.
mircea_popescu: the cost of making computers is nil. we're getting there.
mircea_popescu: no it doesn't omg. the same can be said : only the most powerful states can keep slaves etc.
mircea_popescu: asciilifeform there's more people owning slaves than semiconductor fabs. this is a fact.
mircea_popescu: you'd have to keep a bunch of vats somewhere which'd be the blockchain
mircea_popescu: you could have mining which consists of giving birth to specified-dna babies.
mircea_popescu: this is the problem with slavery, it doesn't promot innovation.
mircea_popescu: ya srsly. can it be called something other than "Coin"
mircea_popescu: pretend it's 2009 and you just published the paper. nao what.
mircea_popescu: a full re-doing of satoshi's stuff would be great even if only an exercise.
mircea_popescu: Diablo-D3 if you actually take satoshi's stuff, write A SPEC and then have some implementations
mircea_popescu: asciilifeform yeah in some ways. but if you can't interconnect then youi can't really have an exchange.
mircea_popescu: asciilifeform ya but that's fiction. you'd have one chain per pocket.
mircea_popescu: Diablo-D3 ya but the idea is that for w/e reason you can't use satellites at all
mircea_popescu: the roman empire coinage only had much relevance in those places 10 miles or closer to a castrum
mircea_popescu: it's unlikely for your currency to be useful or recognised anyway.
mircea_popescu: asciilifeform the idea is that if you don't manage to get 10-20-50 mile continuity between statyions
mircea_popescu: there's no real advantage in communicating over geographical gaps.
mircea_popescu: anyway. why not just make a bunch of normal ham radio stations ?
mircea_popescu: nah. problem with mbc i'm told is that it has very narrow bw